Foods & Inns Reports Mixed Performance in Q2 2024 Financial Results

Foods & Inns, a microcap FMCG company, recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Foods & Inns has seen a negative performance in the second quarter of the fiscal year 2024-25. However, there has been a slight improvement in the company's score, which has gone from -20 to -14 in the last three months.

One of the positive aspects of the company's financials is its Profit After Tax (PAT) for the quarter, which has shown a growth of 52.0% compared to the average PAT of the previous four quarters. This indicates a positive trend in the near term.

On the other hand, the company's Net Sales for the quarter have fallen by -31.1% compared to the average Net Sales of the previous four quarters. Similarly, the Profit Before Tax less Other Income (PBT) has also shown a decline of -50.9% compared to the average PBT of the previous four quarters. This suggests a negative trend in the near term.

Another concerning aspect of the financial report is the company's rising interest cost, which has increased by 46.31% over the preceding nine months period. This indicates that the company has been taking on more borrowings.

Overall, the financial results for the quarter ending September 2024 show a mixed performance for Foods & Inns. Investors should carefully consider these factors before making any investment decisions.